Funding you earn now, next payment 23:00 UTC−0.0529%/8h= −57.9% APRpaid last 24h +0.017%
Price spread now: Kraken Futures against BloFin+0.033%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1121.120% of the position
Funding, last 7 days+0.052%+$5 on $10k
+Price spread, last 3 days (all we have)+0.384%+$38 · spread now +0.033%, 7d avg +0.082%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Kraken Futures is 0.049% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.082%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.052%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.052% in total (about 2.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin APE-USDT | 0.1461 | 0.0101 | pay 0.0101% / 8h | 1h 29m | $222K | $48K | 75x |
| Short | Kraken Futures PF_APEUSD | 0.1461 | −0.0428 | pay 0.0053% / 1h | 29m 00s | $407K | $571K | 20x |
BloFin APE-USDT
Kraken Futures PF_APEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$111.11
- Price spread: +0.033% → +0.082%
- −$4.85
- Slippage, 4 orders
- −$89.95
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$227.91
- Costs to cover
- 1.120%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 46 min ago; Kraken Futures: live order book, 54 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 46 min ago | 6.84 bp | 12.8 bp −$13 | 45.2 bp −$452 | 368.1 bp −$36.8K | doesn't fit |
| Sell Kraken Futures live order book, 54 min ago | 6.83 bp | 31.4 bp −$31 | 96.9 bp −$969 | doesn't fit | doesn't fit |
APE on 20 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_APEUSDshort | −0.0428% | 1h | 0.1461 | +0.033% | $407K | $571K | 20x | |
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1461 | −0.019% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −15.471% | — | — | — | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −5.681% | $1K | $12K | 5.5x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1463 | +0.123% | $1.3M | $347K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1460 | −0.066% | $121K | $22K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1461 | 0.000% | $4.1M | $6.1M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1460 | −0.048% | $3.7M | $2.5M | 50x | as long as short |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1460 | −0.041% | $1.3M | $1.3M | 20x | as long as short |
| Gate APE_USDT | +0.0100% | 8h | 0.1460 | −0.068% | $631K | $291K | 50x | as long as short |
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Injective APE/USDC PERP
Hyperliquid APE
Aster APEUSDT
Binance APEUSDT
Bybit APEUSDT
OKX APE-USDT-SWAP
Gate APE_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC APE_USDT | +0.0100% | 8h | 0.1461 | 0.000% | $3.7M | $854K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1460 | −0.068% | $1.8M | $1.8M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1461 | 0.000% | $2.1M | $528K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1461 | 0.000% | — | $13.5M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1460 | −0.071% | $7K | $12K | — | as long as short |
| BloFin APE-USDTlong | +0.0101% | 8h | 0.1461 | long leg | $222K | $48K | 75x | |
| Extended APE-USD | +0.0104% | 1h | 0.1461 | +0.021% | $4K | $220K | 10x | as long as short |
| dYdX APE-USD | +0.0339% | 1h | 0.1459 | −0.113% | $9K | $5 | 5x | as long as short |
| Deribit APE_USDC-PERPETUAL | +0.0434% | 1h | 0.1462 | +0.068% | $11K | $18K | 25x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0688% | 1h | 0.1466 | +0.342% | $99K | $7K | 25x | as long as short |
MEXC APE_USDT
KuCoin APEUSDTM
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD
dYdX APE-USD
Deribit APE_USDC-PERPETUAL
Coinbase International APE-PERP-INTX